WEN Protocol
  • šŸ‘Welcome to WEN Protocol
  • šŸ˜€Overview
    • šŸ’”Motivation
    • āœØFeatures
  • āš™ļøHow it works
    • šŸ¤–Mechanism Overview
    • ā˜‘ļøMinting
    • ā°Annual Fee
    • šŸ§©Trove
    • šŸš€Leverage
    • šŸ›”ļøStability Pool
    • šŸ’„Liquidation
    • šŸ“ŒRedemption
    • ā›‘ļøRecovery Mode
  • šŸŽ—ļøToken Economy
    • šŸŖ™WEN & esWEN
    • šŸ›øesWEN Emission
    • šŸš€Lockup to Boost
    • šŸÆToken Distribution
  • šŸ›ļøGovernance
    • šŸŒˆIntroduction
    • šŸ„žAdding/Removing Collaterals
    • šŸ„˜Managing Protocol Params
    • šŸ›”ļøSecuring the protocol
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  • What is Annual Fee?
  • How is Annual Fee calculated?
  • When will be annual fee collected?
  1. How it works

Annual Fee

PreviousMintingNextTrove

Last updated 1 year ago

What is Annual Fee?

The annual fee is the cost of your debt over time. All Annual Fees will be collected into the Protocol fee pool and incentivized to esWEN staking pool, This will provide sustainable value support for esWEN.

How is Annual Fee calculated?

AnnualFee=lastAnnualFee+currentDebtāˆ—(currentTimeāˆ’lastCollectedTime)1Yearāˆ—feeRateAnnualFee = lastAnnualFee + currentDebt*\frac{(currentTime-lastCollectedTime)}{1Year}*feeRateAnnualFee=lastAnnualFee+currentDebtāˆ—1Year(currentTimeāˆ’lastCollectedTime)ā€‹āˆ—feeRate

When will be annual fee collected?

Annual fee will be calculated whenever your debt changes, eg. when you mint more wenUSD or repay your debt

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